Klarna (KLAR) Scaling Operations Through Strategic Partnerships

Klarna Group (NYSE:KLAR) is one of the 12 oversold financial stocks to invest in according to hedge funds.

On February 6, Sanjay Sakhrani from Keefe Bruyette reaffirmed his Outperform rating on Klarna Group (NYSE:KLAR). He reduced the price target from $52 to $45, which still yields an impressive upside potential of close to 149%.

On February 2, Klarna Group (NYSE:KLAR) became part of the tech giant Google’s (GOOGL) Universal Commerce Protocol (UCP), an open industry standard aimed at enabling compatibility between AI systems and shopping platforms. The framework is designed to support the entire purchase lifecycle, allowing consumers to make purchases directly inside AI-powered chats from product discovery to payment and post-purchase support. This development expands Klarna’s earlier support for Google’s Agent Payments Protocol, highlighting both companies’ efforts to push industry frameworks as artificial intelligence becomes an integral part of consumers’ shopping experience. Google highlighted that such partnerships are crucial for ensuring security, consumer choice, and scalable AI commerce.

Klarna Group (NYSE:KLAR) is an AI-enabled fintech company that delivers digital banking and payments solutions worldwide. It engages with consumers and merchants to offer flexible payment plans, including Buy Now, Pay Later and other financing solutions.

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Disclosure: None. This article is originally published at Insider Monkey.